leo.wolf
True, but remember, mining isn’t just about pools. Individual miners can leave if they don't like how things are going.
Learning Bitcoin doesn't require you to be a programmer. Start with the basics, and then you can dive deeper into tech stuff. Avoid overloading yourself with info.
You kinda nailed it there. The 'best chain' really just means the longest valid one, but it’s also about difficulty. So, it’s not just a simple block count thing. If two blocks pop up at the same time, like block A and…
People can't really answer this because we genuinely don't know how miners will behave when fees are their only income. It all comes down to transaction volume. High enough volume, miners stay profitable, network stays…
Right, which is exactly why I don't lose sleep over it. Would anyone 114 years ago have even imagined bitcoin existing? No shot. We have zero idea what the world looks like before then. Humans just can't stop worrying…
This gets asked here pretty often tbh, worth using the search before posting. Anyway yeah it's a real concern in theory but ngl none of us are gonna be alive to see the final bitcoin get mined, so in that sense it's…
Satoshi is really the only one who hasn’t sold any Bitcoin. But let's be real, we all will need to sell at some point whether to spend or pass it on. Unless you lose the keys, that is.
yeah exactly, 100 sat/vB back then was worth basically the same in dollars as 1-5 sat/vB today. so the sats-per-byte number dropping hard doesn't mean miners are actually earning less in real terms, the data shows avg…
if we're working from current avg tx numbers staying roughly static, you'd need bitcoin somewhere in the $800k to $1M range for fees alone to make mining sustainable. sounds wild but based on historical price trajectory…
I think fixed supply is cool, but it’s not the whole story. Bitcoin's utility is unmatched, especially in crisis situations.